Technical Analysis (XAUUSD)

The price of gold (29th of July) was around 1955.7 early today. Under 1-hour-chart technical analysis, it surged again as predicted yesterday (28th). After the surge, there was a drastic fluctuation. An intense jump appeared first and then followed by a slump that went over 70 U.S. dollar, but finally the candlestick bounced back after touching the bottom. Currently, the Bollinger Bands keep facing up and it indicates that the price probably surges again after a pullback.

Currently, the short-swing upper resistance level lies between 1976.0~1978.0. The current support level lies between 1924.0~1926.0. Investors who wish to go long could consider buying between 1949.0~1951.0 in the short-term and setting the stop loss below 1945.0.

xauusd technical analysis

Technical Analysis (EURUSD):

The price of EUR/USD (29th of July) was around 1.17195 early today. Under 1-hour-chart technical analysis, as U.S. dollar rebounded after touching the bottom as predicted yesterday (28th), euro made a small retracement. The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to go down after touching the resistance level.

Currently, the short-swing upper resistance level lies between 1.17800~1.17900. The current support level lies between 1.16600~1.16700. Investors who wish to sell short could consider selling between 1.17500~1.17550 in the short-term and setting the stop loss above 1.17660.

eurusd technical analysis

Technical Analysis (GBPUSD):

The price of GBP/USD (29th of July) was around 1.29307 early today. Under 1-hour-chart technical analysis, it went up again after a pullback. The candlestick presently keeps rising after the correction and lies between the middle and upper Bollinger Bands. However, investors should be aware of the reverse sign in the upper part. It is likely to continue going down accordingly.

Currently, the short-swing upper resistance level lies between 1.29600~1.29700. The current support level lies between 1.28300~1.28400. Investors who wish to sell short could consider selling between 1.29100~1.29150 in the short-term and setting the stop loss above 1.29350.

gbpusd technical analysis

Technical Analysis (AUDUSD):

The price of AUD/USD (29th of July) was around 0.71560 this morning. Under 1-hour-chart technical analysis, it rebounded after touching the bottom. Currently, the candlestick is unable to break through the high point and at the same time there is a Bollinger band squeeze. Therefore, the price is likely to decline.

Currently, the short-swing upper resistance level lies between 0.71850~0.71900. The current support level lies between 0.71200~0.71250.

Investors who wish to sell short could consider selling between 0.71700~0.71750 in the short-term and setting the stop loss above 0.71860.

audusd technical analysis

Technical Analysis (USOUSD):

The price of USO/USD (29th of July) was around 40.90 this morning. Under 1-hour-chart technical analysis, it failed to break through the high point and is now pulling back. The candlestick lies between the middle and lower Bollinger Bands, with the band facing downwards. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 41.10~41.20. The current support level lies between 40.20~40.30. Investors who wish to sell short could consider selling between 40.90~40.99 in the short-term and setting the stop loss above 41.16.

usousd technical analysis

Technical Analysis (Nas100):

The NASDAQ (29th of July) was around 10571.6 this morning. Under 1-hour-chart technical analysis, it failed to rebound and pulled back. The candlestick currently lies between the middle and lower Bollinger Bands, with the bands continue to face down. Therefore, the price is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 10660.0~10680.0. The current support level lies between 10400.0~10420.0. Investors who wish to sell short could consider selling between 10570.0~10600.0 in the short-term and setting the stop loss above 10630.0.

nas100 technical analysis

Economy Calendar (29th of July)

(Source: uk.investing.com)

 TimeDataImportance
1.21:30API Weekly Crude Oil Stock★★★
2.02:30CPI (YoY) (Q2)★★★
3.09:00ZEW Expectations (Jul)★★★
4.09:30Mortgage Approvals (Jun)★★★
5.15:00Pending Home Sales (MoM) (Jun)★★★
6.15:30EIA Weekly Refinery Utilization Rates (WoW)★★★★

(Importance: maximum five stars ★★★★★)

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